Greif, Inc. (GEF) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-9.6%

$74.67

vs $82.64 price

Levered DCF

$21.85

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.56

Grey zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	3.97×	13.46×	8.39×	8.48×	8.09×	18.04×	11.03×	10.85×
P/B	0.97×	1.42×	1.55×	1.83×	2.09×	1.7×	1.67×	2.05×
P/S	0.66×	0.68×	0.58×	0.51×	0.57×	0.44×	0.41×	0.59×
EV / EBITDA	9.41×	10.23×	6.44×	6.53×	6.9×	7.74×	7.67×	6.45×
Gross margin	22.2%	20.6%	22.0%	20.2%	19.7%	20.3%	20.9%	20.4%
Operating margin	6.9%	7.9%	11.6%	9.8%	10.5%	6.8%	8.7%	9.6%
Net margin	19.6%	6.1%	6.9%	5.9%	7.0%	2.4%	3.7%	5.4%
Current ratio	1.47×	1.53×	1.46×	1.43×	1.27×	1.3×	1.51×	1.47×
Debt / equity	0.54×	1.47×	1.3×	1.24×	1.66×	2.43×	2.43×	0.82×
Interest coverage	5.24×	2.53×	6.29×	10.15×	6.31×	2.63×	3.55×	7.26×
Dividend yield	3.6%	4.1%	3.9%	3.5%	3.3%	5.3%	5.5%	4.4%
Payout ratio	12.0%	45.5%	32.4%	29.5%	27.1%	95.9%	60.8%	47.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	28.8%	12.8%	18.4%	21.4%	25.8%	9.4%	15.1%	18.9%
Return on invested capital	2.2%	5.5%	8.9%	10.1%	10.6%	4.3%	6.2%	11.0%
Return on assets	14.6%	4.0%	6.0%	6.9%	6.7%	2.0%	3.2%	6.6%
Free cash flow yield	-3.0%	5.7%	14.5%	14.7%	7.9%	16.2%	12.0%	4.6%
Earnings yield	29.7%	9.0%	11.9%	11.7%	12.3%	5.5%	9.1%	9.2%
Enterprise value	$4.1B	$5.8B	$5.4B	$5.2B	$5.6B	$4.7B	$4.6B	$3.1B
Net debt / EBITDA	2.98×	5.04×	2.83×	2.52×	2.97×	4.47×	4.5×	1.71×
Cash conversion cycle (days)	46	50	32	32	42	36	45	30